LGT Crestone completes transition of Commonwealth Bank of Australia’s personal advice business

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LGT Crestone, one of Australia’s largest independently owned wealth management businesses, has successfully completed the integration of Commonwealth Bank’s (CBA) high-net-worth financial advisory business. This transition brings approximately A$5 billion... Read more continue reading

ASIC uncovers widespread compliance plan deficiencies in the managed investment industry

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The responsible entities (REs) of a combined total of nearly $1 trillion in managed investments are failing to maintain adequate compliance plans, an ASIC review has found. ASIC assessed 50... Read more continue reading

Weekly economic and market update – week ending May 31, 2025

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Investment markets and key developments Global shares mostly rose over the last week as Trump backed down again on tariffs on Europe, the US Trade Court found most of Trump’s... Read more continue reading

Aryza announces strategic acquisition of Webio to accelerate AI integration and drive future growth

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Aryza, a global provider of mission-critical automation software across the credit lifecycle, is thrilled to announce its acquisition of Webio, a pioneering provider of conversational AI solutions. This strategic move... Read more continue reading

Zurich Australia appoints Head of Claims Excellence

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Zurich Financial Services Australia (Zurich) has announced the appointment of Morris Garsin to the position of Head of Claims Excellence for Australia & New Zealand. Mr Garsin joins from Suncorp... Read more continue reading

VBP and Yarra Lane launch AI-powered outsourcing solution

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Outsourcing specialists, Vital Business Partners (VBP) and integrated financial advisory firm, Yarra Lane, have partnered to launch a Robotic Process Automation (RPA) consulting service, which leverages artificial intelligence (AI), to... Read more continue reading

Russell Investments appoints Andrew Pease as Head of Investments, APAC

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Russell Investments has announced the appointment of Andrew Pease as Head of Investments, Asia-Pacific (APAC), reinforcing the firm’s continued commitment to investment excellence and strong client outcomes across the region. Pease, who... Read more continue reading

Australian Philanthropic Services launches ‘Giving Legacy’ — a new way to pass on values, not just assets

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In response to Australia’s unprecedented $5.4 trillion intergenerational wealth transfer, Australian Philanthropic Services (APS) has launched a new service to help families shape a more purposeful legacy — one grounded... Read more continue reading

New SMSF trustees propel uptake of financial advice, but $1 trillion sector still has significant advice gaps

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The 2025 Vanguard/Investment Trends Self Managed Super Fund (SMSF) Report has found that trustees of newly established SMSFs have been behind a surge in the uptake of financial advice across the... Read more continue reading

FAAA congratulates new shadow ministry

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The FAAA congratulates deputy Liberal leader and federal member for Fairfax, Ted O’Brien, on his appointment as shadow treasurer in the Ley Shadow Ministry. It also congratulates the Nationals federal... Read more continue reading